JPMorgan Chase, which reported $15 billion in profit last quarter, is cutting 99 jobs in San Francisco even as it expands its presence downtown.
The bank disclosed the layoffs in an Aug. 27 filing with the state of California.
https://www.sfchronicle.com/bayarea/article/jpmorgan-chase-san-francisco-layoffs-21020377.php
Apple Google etc are in SF, it’s fine.
East coast and Midwest is another story, those jobs are much needed as only few service sectors remain.
https://www.kron4.com/news/bay-area/chase-bank-lays-off-nearly-100-employees-in-san-francisco/
Willing to bet that these were people that were absorbed from the FRB acquisition
The CEO looks friendly but with one very cold heart, very cold blood inside who never care about American’ interests, managing American’ money while outsourcing massive jobs. USA really got hurt by such evil greedy person……
You have to understand, with a mere 15b quarterly profit, these people had to be cut. Simple life or death for JPMC.
Nothing personal, just business.